Ariel Investments LLC Has $32.95 Million Holdings in Stanley Black & Decker, Inc. $SWK

Key Points

• Ariel Investments LLC reduced its stock position in Stanley Black & Decker by 2.4%, now holding approximately $32.95 million worth of shares, following the sale of 10,595 shares in the first quarter.
• Multiple institutional investors have increased their stakes in Stanley Black & Decker, with Ameriprise Financial Inc. boosting its position by 59.8% in the same quarter.
• The company announced a quarterly dividend increase to $0.83, reflecting a yield of 4.6% and a total annual payout of $3.32, although the payout ratio stands at 104.13%.

Ariel Investments LLC lowered its stake in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 2.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 428,624 shares of the industrial products company's stock after selling 10,595 shares during the period. Ariel Investments LLC owned approximately 0.28% of Stanley Black & Decker worth $32,953,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Mercer Global Advisors Inc. ADV grew its position in Stanley Black & Decker by 13.6% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,298 shares of the industrial products company's stock worth $586,000 after purchasing an additional 871 shares in the last quarter. Aptus Capital Advisors LLC grew its position in Stanley Black & Decker by 187.5% during the 4th quarter. Aptus Capital Advisors LLC now owns 9,517 shares of the industrial products company's stock worth $764,000 after purchasing an additional 6,207 shares in the last quarter. Ameriprise Financial Inc. grew its position in Stanley Black & Decker by 44.2% during the 4th quarter. Ameriprise Financial Inc. now owns 2,215,765 shares of the industrial products company's stock worth $177,905,000 after purchasing an additional 679,359 shares in the last quarter. Centiva Capital LP purchased a new position in Stanley Black & Decker during the 4th quarter worth approximately $366,000. Finally, Crestline Management LP purchased a new position in Stanley Black & Decker during the 4th quarter worth approximately $382,000. Institutional investors own 87.77% of the company's stock.

Stanley Black & Decker Stock Up 4.8%

Shares of Stanley Black & Decker stock traded up $3.56 on Friday, hitting $78.30. 3,181,138 shares of the company traded hands, compared to its average volume of 1,881,492. The company has a quick ratio of 0.34, a current ratio of 1.04 and a debt-to-equity ratio of 0.52. Stanley Black & Decker, Inc. has a 12-month low of $53.91 and a 12-month high of $110.88. The company has a 50-day moving average price of $72.12 and a 200 day moving average price of $70.76. The company has a market cap of $12.12 billion, a PE ratio of 24.86, a PEG ratio of 1.65 and a beta of 1.16.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.70. Stanley Black & Decker had a net margin of 3.15% and a return on equity of 7.76%. The business had revenue of $3.95 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same quarter in the previous year, the business earned $1.09 EPS. Stanley Black & Decker's quarterly revenue was down 6.2% compared to the same quarter last year. Stanley Black & Decker has set its FY 2025 guidance at 4.550-4.750 EPS. Sell-side analysts predict that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be paid a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Tuesday, September 2nd. This is a boost from Stanley Black & Decker's previous quarterly dividend of $0.82. Stanley Black & Decker's dividend payout ratio (DPR) is presently 105.40%.

Wall Street Analyst Weigh In

SWK has been the topic of several research analyst reports. Wolfe Research upgraded shares of Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a research report on Tuesday, July 8th. UBS Group lowered their price objective on shares of Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. Wells Fargo & Company lifted their price objective on shares of Stanley Black & Decker from $70.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 30th. Wall Street Zen cut shares of Stanley Black & Decker from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Finally, Barclays lowered their price target on shares of Stanley Black & Decker from $90.00 to $89.00 and set an "overweight" rating on the stock in a report on Wednesday, July 30th. Five research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Stanley Black & Decker currently has a consensus rating of "Hold" and a consensus price target of $89.40.

Stanley Black & Decker Profile

Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil and gas, infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the Tools and Outdoor and Industrial segments.